Uganda Securities Exchange (XUGA)
Bar owners claim the Kenya Revenue Authority (KRA) has defied the courts and enforced a 4.97 per cent jump in taxes on beer, bottled water, juices and cigarettes which had been stopped this month. The bar owners say the KRA system for filling tax returns still reflect higher excise duty charge on the commodities, creating […]
Air passengers are staring at nightmares this festive season as the budget airlines heading to the popular destinations are sold out on the eve of Christmas. Popular destinations such as Malindi and Ukunda in South Coast are fully booked on December 24 with the closest availability on Thursday going for Sh16,400 on Jambojet. Fly 748 […]
Talk of company board members in Kenya, and the image that comes to mind is of grey-haired individuals, most likely male. While the average age of CEOs and boards directors has come down over the years, representation of the younger people is still low considering Kenya’s demographic balance. A board diversity report published by Nairobi […]
Dubai has extended the ban for all inbound and transit passenger flights from Kenya till December 24 amid a surge in Covid-19 cases in the country. The Dubai Civil Aviation Authority (DCAA) had announced a 48-hour suspension on all flights from Kenya to the Middle East nation on December 20. On Wednesday, the Dubai-based Emirates […]
Assets of the ailing Mumias Sugar Company have been leased to Uganda-based conglomerate Sarrai Group, the miller’s receiver-manager Pongangipalli Venkata Ramana Rao has disclosed. The 20-year lease, however, excludes assets in the firm’s ethanol and cogen plants, which recently were seized by Pan-African lender Ecobank and French development financier Proparco from KCB Group. “Although the […]
Small and medium-sized enterprises need to enhance their capital base, embrace partnerships and adhere to high corporate governance standards to reap from the upcoming oil and gas sector, sector players said. Patrick Mweheire, the Chief Executive at Standard Bank Group, Eastern Africa and Chairman of Uganda Chamber of Mines and Petroleum said during the 2-day […]
Paul Bwiso, CEO USE, Chris Baryomunsi, the Minister of ICT, Charles Mbire, chairman MTN Uganda, Anne Juuko, CEO Stanbic Bank, South African High Commissioner to Uganda, Lulama Mary-Theresa Xingwana, Wim Vanhelleputte, MTN Uganda CEO, Richard Byarugaba, MD NSSF ring the bell symbolizing MTN Uganda’s official trading on the USE on Dec.06. The telco raised Shs535.9bn […]
Absa Cardless Withdraw at ATMs As more banks start to embrace cardless withdrawals, Absa has joined other banks like Standard Chartered and Stanbic in offering this functionality on Automated Teller Machines (ATMs). But unlike other banks, that use a voucher-based system Absa is offering another first. ALSO READ: Samsung has a new Expert Camera app […]
Nairobi, Kenya, December 16, 2021 -To spur private sector growth and promote access to finance in Kenya, including for women-owned businesses and businesses focused on addressing climate change, IFC announced today a partnership with Bank of Africa Kenya (BOA Kenya). Through the partnership, IFC will enter a risk-sharing facility with BOA Kenya that will […]
No full pay for Kenya Airways pilots Kenya Airways (KQ) says it is unable to pay pilots their full salaries despite an improvement in the airline’s performance following a period of devastation by the Covid-19 pandemic. The Kenya Airline Pilots Association had written to the KQ management demanding full payment of their salaries and allowances […]
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